NEW YORK, Dec. 6 (Xinhua) — The U.S. dollar appreciated in late trade on Tuesday as traders bet on further rate hikes by the Federal Reserve.
The dollar index, which measures the dollar against six major peers, rose 0.27 percent to 105.5760, after a 0.71 percent jump in the previous session.
The rally came as recent positive economic statistics from the US bolstered expectations that the Fed could continue its aggressive policy tightening.
The US central bank’s next meeting, also its last policy meeting this year, falls on December 13-14.
In late New York trading on Tuesday, the euro was down at US$1.0467 from $1.0495 in the previous session, and the British pound was down at US$1.2142 from $1.2176 in the previous session.
The US dollar bought 136.90 Japanese yen, higher than 136.64 Japanese yen from the previous session. The US dollar was down to 0.9419 Swiss francs from 0.9426 Swiss francs, and it was up to 1.3657 Canadian dollars from 1.3589 Canadian dollars. The US dollar rose to 10.4210 Swedish kronor from 10.4005 Swedish kronor.
Source: sn.dk